I love to read. I love to read a lot, especially anything Real Estate related, so I spend a lot of time in bookstores and libraries. The other day I found this really terrific book called “Mind Your Own Mortgage: The Wise Homeowner’s Guide to Choosing, Managing and Paying Off Your Mortgage.” by Robert J. Bernabé as I browsed through Borders, and I think its really worth a mention.
I really liked the simple and sound principles the author outlines in his book that spans the entire life cycle of a mortgage from choosing it to paying it off as quickly as possible.
His explanation of the recent credit meltdown that sent our economy into a free fall is easy to understand by even the most “finance lingo challenged” individual. Understanding what happened can help you avoid making the mistakes some borrowers did during the mortgage free for all that led some of them to foreclosure.
Also his “avoid consumer debt like the plague” approach to managing personal finances jives with what I’ve had to learn the hard way.
I found this book to be a really informative read and purchased a few copies to give as closing and housewarming gifts. I think you’ll find it useful as well, especially if you’re a first time home buyer looking to make your first purchase with a mortgage loan.
